(MENAFN - ProactiveInvestors - Australia) Monto Minerals (ASX:MOO) has identified rock chip grading up to 6.97% tin near the previously identified 1,600 metres by 500 metres high grade tin geochemical anomalies in the Mount Misery in Queensland.
It has also identified a further 250 metres by 100 metres tin geochemical anomaly called Emu Creek within meta-sediments from the company's major ongoing 188 square kilometres regional soil sampling program.
The soil geochemical survey currently underway represents the first time a large systematic exploration program has been undertaken in the area.
Geological reconnaissance and associated rock chip sampling was completed over an approximate three week period with 45 rock chip samples collected.
These identified localised greisenised granites and related quartz veining on a predominantly north-south orientation. Tin mineralisation largely associated with both greisenisation and selvages of quartz veins was identified in the area.
The rock chip which returned 6.97% confirmed the existence of high grade tin mineralisation as the source of the Scandinavian and Carney's tin soil geochemical anomalies in an area not previously recognised as hosting significant hard rock tin mineralisation.
Monto is undertaking a detailed assessment of the anomalous areas in the context of the soil geochemical results, rock chip results and the geological reconnaissance and mapping that has been undertaken.